Techniplex Business Park

Houston, TX

• 78,000 SF

• Class B Flex Business Park

• Houston, TX

LDK Ventures purchased the Techniplex Business Park (located in the Houston Energy Corridor) via “short sale” because the current ownership had run out of funds to cover lease up expenses. The property was acquired by LDK in February 2013 for $5.8M plus $500,000 of incurred leasing costs. Under LDK ownership, the 78,000 SF Class B flex business park, was successfully stabilized to 95% occupancy by December of 2013. The property was sold in June of 2014 for $8,200,000.